|End-of-day quote - 09/25|
Alliance Global Group Plan PHP410 Billion Capital Expenditure From 2020 to 2024
|06/30/2019 | 09:56pm|
By P.R. Venkat
Philippines Alliance Global Group Inc. (AGI.PH) is planning capital expenditure of 410 billion pesos (US$800 million) over the four years beginning in 2020.
Nearly 73% of the funds would be allocated to Megaworld Corp., AGI's property unit, which will be used to develop residential, commercial and hotels properties in the country, AGI said in a filing to the Philippine Stock Exchange.
Travellers International Hotel Group, an AGI unit which operates integrated resorts, will use nearly 15% of the money to develop its new resort.
Write to P.R. Venkat at firstname.lastname@example.org